Looking to SELL USDJPY in SELL AREA and to close position in TP AREA (50 PIPS)
Entry Criteria:
- Do not trade if price breaks through sell area with bullish momentum and close
- Execute on signs of reversal, exhaustion candles, price action in sell area
- Apply appropriate risk management according to what suits your trading style
Trade at your own risk!
We see three line strike forming on h4. 2 possibilities for the uj pair. However, we still waiting for confirmation. Either go sell on the spot or wait for retrace.
I wouldn't be surprised if the prediction came out to be true. breaking of this, what could be classified as major support, to then turning into that major resistance.
With a retest, I am positively going on this roller coaster ride to the trenches with UJ.
With the US dollar under pressure at the moment, it could more likely happen
but who knows...its just my...
